{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/64.2-2737.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/64.2-2737.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/64.2-2737.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/64.2-2737.html"}],"law_id":66703,"edition_id":1,"section_id":66703,"structure_id":15767,"section_number":"64.2-2737","catch_line":"Power to withdraw","history":"2016, c. 266.","full_text":"A\n\nFor purposes of this article, and except as otherwise provided in subsection B, a power to withdraw property from a trust is treated, during the time the power may be exercised, as a presently exercisable general power of appointment to the extent of the property subject to the power to withdraw.B\n\nOn the lapse, release, or waiver of a power to withdraw property from a trust, the power is treated as a presently exercisable general power of appointment only to the extent that the value of the property affected by the lapse, release, or waiver exceeds the greater of the amount specified in 26 U.S.C. § 2041(b)(2) and 26 U.S.C. § 2514(e) or two times the amount specified in 26 U.S.C. § 2503(b), as amended.","order_by":null,"text":{"0":{"id":241915,"text":"For purposes of this article, and except as otherwise provided in subsection B, a power to withdraw property from a trust is treated, during the time the power may be exercised, as a presently exercisable general power of appointment to the extent of the property subject to the power to withdraw.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":241916,"text":"On the lapse, release, or waiver of a power to withdraw property from a trust, the power is treated as a presently exercisable general power of appointment only to the extent that the value of the property affected by the lapse, release, or waiver exceeds the greater of the amount specified in 26 U.S.C. § 2041(b)(2) and 26 U.S.C. § 2514(e) or two times the amount specified in 26 U.S.C. § 2503(b), as amended.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":15767,"edition_id":1,"name":"Right of Powerholder's Creditors in Appointive Property","identifier":"5","label":"article","depth":4,"order_by":1,"parent_id":13731,"metadata":{},"date_created":"2026-06-26 03:59:17","date_modified":"2026-06-26 03:59:17","permalink":{"id":276083,"object_type":"structure","relational_id":15767,"identifier":"5","token":"64.2\/V\/27\/5","url":"\/64.2\/V\/27\/5\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13731,"edition_id":1,"name":"Uniform Powers of Appointment Act","identifier":"27","label":"chapter","depth":3,"order_by":1,"parent_id":12920,"metadata":{},"date_created":"2026-06-26 03:45:43","date_modified":"2026-06-26 03:45:43","permalink":{"id":275945,"object_type":"structure","relational_id":13731,"identifier":"27","token":"64.2\/V\/27","url":"\/64.2\/V\/27\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12920,"edition_id":1,"name":"Provisions Applicable to Probate and Nonprobate Transfers","identifier":"V","label":"subtitle","depth":2,"order_by":1,"parent_id":12723,"metadata":{},"date_created":"2026-06-26 03:44:01","date_modified":"2026-06-26 03:44:01","permalink":{"id":275729,"object_type":"structure","relational_id":12920,"identifier":"V","token":"64.2\/V","url":"\/64.2\/V\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12723,"edition_id":1,"name":"Wills, Trusts, and Fiduciaries","identifier":"64.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:50","date_modified":"2026-06-26 03:43:50","permalink":{"id":272781,"object_type":"structure","relational_id":12723,"identifier":"64.2","token":"64.2","url":"\/64.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":68515,"structure_id":15767,"section_number":"64.2-2735","catch_line":"Creditor claim; 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nongeneral power","url":"\/64.2-2738\/","token":"64.2\/V\/27\/5\/64.2-2738","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/64.2-2737\/","history_text":"

This law was first created in 2016. The record of its establishment is cataloged in chapter 266<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":false,"permalink":{"id":276093,"object_type":"law","relational_id":66703,"identifier":"64.2-2737","token":"64.2\/V\/27\/5\/64.2-2737","url":"\/64.2-2737\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/64.2-2737\/","token":"64.2\/V\/27\/5\/64.2-2737","dublin_core":{"Title":"Power to withdraw","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-2737","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> For purposes of this article, and except as otherwise provided in subsection B, a power to withdraw property from a trust is treated, during the time the power may be exercised, as a presently exercisable general power of appointment<\/span><\/span> to the extent of the property subject to the power to withdraw. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> On the lapse, release, or waiver<\/span> of a power to withdraw property from a trust, the power is treated as a presently exercisable general power of appointment<\/span><\/span> only to the extent that the value<\/span> of the property affected by the lapse, release, or waiver<\/span> exceeds the greater of the amount specified in 26 U.S.C. § 2041(b)(2) and 26 U.S.C. § 2514(e) or two times the amount specified in 26 U.S.C. § 2503(b), as amended. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPOWER TO WITHDRAW (\u00a7 64.2-2737)\n\nA. For purposes of this article, and except as otherwise provided in subsection\nB, a power to withdraw property from a trust is treated, during the time the\npower may be exercised, as a presently exercisable general power of appointment\nto the extent of the property subject to the power to withdraw.\n\nB. On the lapse, release, or waiver of a power to withdraw property from a\ntrust, the power is treated as a presently exercisable general power of\nappointment only to the extent that the value of the property affected by the\nlapse, release, or waiver exceeds the greater of the amount specified in 26\nU.S.C. § 2041(b)(2) and 26 U.S.C. § 2514(e) or two times the amount\nspecified in 26 U.S.C. § 2503(b), as amended.\n\nHISTORY: 2016, c. 266.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}